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Ontario passes $462 million budget

In a special meeting, the Ontario City Council passed a $462 million budget for 2013- 2014 without having to dip into its emergency reserves.

For the last several years Ontario officials have passed a balance budget, without having to layoff staff or reduce public services, because of an emergency fund it created years before the economic recession.

City officials also credited their healthy finances to its staff who have agreed to put off pay increases and renegotiated their retirement plans.